GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Liberty Media Corporation (NASDAQ:LSXMK) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 593,400 shares of the technology company’s stock after buying an additional 7,400 shares during the period. Liberty Media Corporation makes up 2.7% of GABELLI & Co INVESTMENT ADVISERS INC.’s investment portfolio, making the stock its 11th largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Liberty Media Corporation were worth $24,745,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LSXMK. First Quadrant L P CA boosted its position in shares of Liberty Media Corporation by 174.8% in the first quarter. First Quadrant L P CA now owns 3,004 shares of the technology company’s stock worth $116,000 after buying an additional 1,911 shares during the period. Creative Planning boosted its position in shares of Liberty Media Corporation by 16.1% in the second quarter. Creative Planning now owns 3,840 shares of the technology company’s stock worth $160,000 after buying an additional 532 shares during the period. SG Americas Securities LLC acquired a new position in shares of Liberty Media Corporation during the first quarter worth about $153,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Liberty Media Corporation by 9.6% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,493 shares of the technology company’s stock worth $174,000 after buying an additional 393 shares during the period. Finally, RMB Capital Management LLC acquired a new position in shares of Liberty Media Corporation during the first quarter worth about $204,000. 78.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Liberty Media Corporation (LSXMK) traded down 0.2714% during mid-day trading on Wednesday, hitting $43.2124. 16,970 shares of the stock were exchanged. The stock has a 50-day moving average price of $42.60 and a 200 day moving average price of $39.67. Liberty Media Corporation has a 52-week low of $31.34 and a 52-week high of $46.24. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 33.0370 and a beta of 2.52.

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LSXMK has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Liberty Media Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. TheStreet upgraded shares of Liberty Media Corporation from a “d” rating to a “c” rating in a research note on Friday, July 7th.

In related news, major shareholder Berkshire Hathaway Inc acquired 667,233 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average cost of $39.72 per share, with a total value of $26,502,494.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 1,991,335 shares of company stock valued at $79,146,692 over the last ninety days.

About Liberty Media Corporation

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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Institutional Ownership by Quarter for Liberty Media Corporation (NASDAQ:LSXMK)

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